<PAGE>
AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON JANUARY 27, 1998.
REGISTRATION NO. 333-38845
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
AMENDMENT NO. 3
TO
FORM S-1
------------------------
CULTURALACCESSWORLDWIDE, INC.
(Exact name of registrant as specified in its charter)
<TABLE>
<S> <C> <C>
DELAWARE 7389 52-1309227
(State or other jurisdiction (Primary Standard Industrial (I.R.S. Employer
of incorporation or organization) Classification Code Number) Identification No.)
</TABLE>
2200 CLARENDON BLVD., 11TH FLOOR
ARLINGTON, VIRGINIA 22201
(800) 522-3447
(Address, including zip code, and telephone number, including
area code, of registrant's principal executive offices)
------------------------
JOHN FITZGERALD
PRESIDENT AND CHIEF EXECUTIVE OFFICER
CULTURALACCESSWORLDWIDE, INC.
2200 CLARENDON BLVD., 11TH FLOOR
ARLINGTON, VIRGINIA 22201
(800) 522-3447
(Name, address, including zip code, and telephone number, including
area code, of agent for service)
COPIES TO:
<TABLE>
<S> <C>
ANDREW J. BECK, ESQ. FREDERICK W. DREHER, ESQ.
HAYTHE & CURLEY DUANE, MORRIS & HECKSCHER LLP
237 PARK AVENUE 4200 ONE LIBERTY PLACE
NEW YORK, NEW YORK 10017 PHILADELPHIA, PENNSYLVANIA 19103-7396
(212) 880-6000 (215) 979-1000
</TABLE>
Approximate date of commencement of proposed sale to the public:
As soon as practicable after this Registration Statement becomes effective.
If any of the securities being registered on this form are to be offered on
a delayed or continuous basis pursuant to Rule 415 under the Securities Act of
1933, as amended, check the following box. [ ]
If this form is filed to register additional securities for an offering
pursuant to Rule 462(b) under the Securities Act, please check the following box
and list the Securities Act registration statement number of the earlier
effective registration statement for the same offering. [ ] _________
If this form is a post-effective amendment filed pursuant to Rule 462(c)
under the Securities Act, check the following box and list the Securities Act
registration statement number of the earlier effective registration statement
for the same offering. [ ] _________
If delivery of the prospectus is expected to be made pursuant to Rule 434,
please check the following box. [ ]
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CALCULATION OF REGISTRATION FEE
[CAPTION]
<TABLE>
<S> <C> <C> <C> <C>
TITLE OF EACH CLASS PROPOSED MAXIMUM PROPOSED MAXIMUM AMOUNT OF
OF SECURITIES TO AMOUNT TO BE OFFERING PRICE AGGREGATE OFFER- REGISTRATION
BE REGISTERED REGISTERED (1) PER SHARE (2) ING PRICE (2) FEE (3)
<S> <C> <C> <C> <C>
Common Stock
($.01 par value)................ 4,600,000 $14.00 $64,400,000.00 $19,515.15
</TABLE>
(1) Includes 600,000 shares that the Underwriters have the option to purchase
from the Registrant to cover any over-allotments.
(2) Estimated solely for the purpose of calculating the registration fee
pursuant to Rule 457(a).
(3) The Registrant paid a fee of $25,091 upon filing the original Registration
Statement.
THE REGISTRANT HEREBY AMENDS THIS REGISTRATION STATEMENT ON SUCH DATE OR
DATES AS MAY BE NECESSARY TO DELAY ITS EFFECTIVE DATE UNTIL THE REGISTRANT SHALL
FILE A FURTHER AMENDMENT WHICH SPECIFICALLY STATES THAT THIS REGISTRATION
STATEMENT SHALL THEREAFTER BECOME EFFECTIVE IN ACCORDANCE WITH SECTION 8(A) OF
THE SECURITIES ACT OF 1933 OR UNTIL THIS REGISTRATION STATEMENT SHALL BECOME
EFFECTIVE ON SUCH DATE AS THE SECURITIES AND EXCHANGE COMMISSION, ACTING
PURSUANT TO SAID SECTION 8(A), MAY DETERMINE.
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<PAGE>
The purpose of this Amendment is to file Exhibit 11.
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the
Registrant has duly caused this Amendment to the Registration Statement to
be signed on its behalf by the undersigned, thereunto duly authorized, in
the City of Arlington, Commonwealth of Virginia, on the 27th day of
January, 1998.
CULTURALACCESSWORLDWIDE, INC.
By /s/ JOHN FITZGERALD
-------------------------
JOHN FITZGERALD, PRESIDENT
AND CHIEF EXECUTIVE OFFICER
Pursuant to the requirements of the Securities Act of 1933, this Amendment
to the Registration Statement has been signed below by the following persons in
the capacities and on the dates indicated.
<TABLE>
<CAPTION>
SIGNATURE TITLE DATE
- ------------------------------------------------------ ---------------------------------- -----------------
<C> <S> <C>
/s/ STEPHEN F. NAGY* Chairman of the Board and Director January 27, 1998
- ------------------------------------------------------
(STEPHEN F. NAGY)
/s/ JOHN FITZGERALD President, Chief Executive Officer January 27, 1998
- ------------------------------------------------------ and Director (principal
(JOHN FITZGERALD) executive officer)
/s/ MICHAEL DINKINS* Chief Financial Officer and Senior January 27, 1998
- ------------------------------------------------------ Vice President (principal
(MICHAEL DINKINS) financial and accounting
officer)
/s/ LIAM S. DONOHUE* Director January 27, 1998
- ------------------------------------------------------
(LIAM S. DONOHUE)
/s/ JOHN H. FOSTER* Director January 27, 1998
- ------------------------------------------------------
(JOHN H. FOSTER)
/s/ PETER D. BEWLEY* Director January 27, 1998
- ------------------------------------------------------
(PETER D. BEWLEY)
/s/ SHAWKAT RASLAN* Director January 27, 1998
- ------------------------------------------------------
(SHAWKAT RASLAN)
/s/ LEE EDELSTEIN* Director January 27, 1998
- ------------------------------------------------------
(LEE EDELSTEIN)
* By /s/ JOHN FITZGERALD
- ------------------------------------------------------
(JOHN FITZGERALD
ATTORNEY IN FACT)
</TABLE>
II-1
<PAGE>
EXHIBIT 11
CULTURALACCESSWORLDWIDE, INC.
EARNINGS PER SHARE COMPUTATION
<TABLE>
<CAPTION>
FOR THE
FOR THE YEAR ENDED NINE MONTHS FOR THE NINE MONTHS ENDED
DECEMBER 31, 1996 ENDED SEPTEMBER 30, 1997
--------------------------------- SEPTEMBER 30, ---------------------------------------------
PRO FORMA 1996 PRO FORMA
PRO AS ------------- PRO AS
SUPPLEMENTAL FORMA ADJUSTED SUPPLEMENTAL HISTORICAL SUPPLEMENTAL FORMA ADJUSTED
------------ ------ --------- ------------- ---------- ------------ ----- ---------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
(DOLLARS IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)
Net (loss) income.......... $ (321) $ (937) $ 87 $ 2,045 $1,004 $1,004 $573 $ 2,134
Reduction of interest
expense related to
assumed retirement of
debt..................... 60 -- -- -- -- 908 -- --
Pro forma provision for
income taxes............. 61 -- -- (818) -- -- -- --
------------ ------ --------- ------------- ---------- ------------ ----- ---------
Net income applicable to
common stock............. $ (200) $ (937) $ 87 $ 1,227 $1,004 $1,912 $573 $ 2,134
------------ ------ --------- ------------- ---------- ------------ ----- ---------
------------ ------ --------- ------------- ---------- ------------ ----- ---------
Net income per common
share.................... $(0.04) $(0.19) $ 0.01 $ 0.25 $ 0.21 $ 0.26 $0.12 $ 0.24
------------ ------ --------- ------------- ---------- ------------ ----- ---------
------------ ------ --------- ------------- ---------- ------------ ----- ---------
Weighted average number of
shares outstanding....... 4,761 4,761 4,761 4,761 4,761 4,761 4,761 4,761
Effect of stock options
using treasury stock
method(1)................ 92 92 92 92 92 92 92 92
Shares to be issued in
initial public
offering................. -- -- 4,000 -- -- -- -- 4,000
Shares issued sufficient to
generate proceeds to
retire debt.............. 358 -- -- -- -- 2,622 -- --
Shares issued upon
conversion of convertible
debt at consummation of
initial public
offering................. -- -- 192 -- -- -- -- 192
------------ ------ --------- ------------- ---------- ------------ ----- ---------
Shares used in earnings per
share computation........ 5,211 4,853 9,045 4,853 4,853 7,475 4,853 9,045
------------ ------ --------- ------------- ---------- ------------ ----- ---------
------------ ------ --------- ------------- ---------- ------------ ----- ---------
</TABLE>
- ------------
(1) Pursuant to Securities and Exchange Commission Staff Accounting Bulletin No.
83, common stock equivalents related to stock options granted with exercise
prices below the anticipated initial public offering price were included as
if outstanding for all periods presented.
